Smartwatch Market Size is Projected To Reach USD 72520 Million By 2027 At A CAGR of 20.5% - Valuates Reports

BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Smartwatch Market is Segment by Type - Companion Smartwatch, Standalone Smartwatch, Classic Smartwatch, by Application - Personal Use, Commercial Use. Global Opportunity Analysis and Industry Forecast 2021 - 2027. It is published in Valuates Reports under the  Electronics & Electrical Category.

The global Smartwatch market size is projected to reach USD 72520 million by 2027, from USD 19070 million in 2020, at a CAGR of 20.5% during 2021-2027.

Major Factors Driving The Growth Of The Smartwatch Market Are

Increased demand for wireless fitness and sports devices, increased health awareness among users, and technological advancements in smartwatches by market players are expected to drive the smartwatch market size.

Furthermore, rising demand for connected devices across industries, as well as rising demand for connected ecosystems, are expected to fuel global smartwatch market growth.

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Othe-3O146/Global_Smartwatch_Market

TRENDS INFLUENCING THE GROWTH SMARTWATCH MARKET :

Steps taken, calories burned, distance traveled, and other fitness activities can be easily monitored and tracked using a smartwatch. The smartwatch can be easily connected to a smartphone via Bluetooth or wireless connectivity. This also assists the athlete or customer in scheduling their daily tasks. As a result, the rise in demand for wireless fitness and sports devices is a major driver assisting the smartwatch market growth.

Because of rising urbanization and disposable income, the demand for aesthetically appealing advanced products that better serve consumers' needs, such as time schedules and multiple features in one device, is expected to drive the growth of the smartwatch market.

The average selling price of smartwatches is expected to fall steadily, owing to the anticipated number of market entrants. While the market is currently flooded with companies offering high-end products at premium prices, rising R&D and commercialization activities are expected to result in an increase in the number of mid-priced and low-end products over the forecast period. Thus the change in price points is expected to boost the smartwatch market growth.

Furthermore, patients frequently forget to take their medications for a variety of reasons. Wearables can play an important role in reminding people to take their medications and tracking when they do so. During the forecast period, these trends are expected to drive smartwatch adoption for medical applications among individual users.

The rise in data dependency among users, the increase in demand for connected and smart systems, and the government's massive investment in building smart cities are the major key areas driving demand for smart wearables. These smart wearables are used to make phone calls, send text messages, listen to music, play games, and so on. In the future, its connectivity via various other devices will lead to the development of an ecosystem. This is expected to create a lucrative smartwatch market opportunity around the world.

Browse The Table Of Contents And List Of Figures At https://reports.valuates.com/reports/QYRE-Othe-3O146/global-smartwatch

SMARTWATCH MARKET SHARE ANALYSIS

During the forecast period, North America is expected to be the most lucrative region. This is primarily due to increased purchasing power and increased demand for fitness tracking equipment.

Smartwatch Market By Company

• Apple
• Samsung Group
• Lenovo Group
• Garmin
• Fitbit
• LG Electronics
• Huawei Technologies
• Fossil Group

Inquire For Customization: https://reports.valuates.com/request/customisation/QYRE-Othe-3O146/Global_Smartwatch_Market

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and production data of each region and country for the period 2016-2027. This information derived through comprehensive research will help the reader to get familiar with the potential value of the investment in a particular region. North America, Europe, China and Japan are the major regions studied in the research report.

Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Othe-3O146/Global_Smartwatch_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-3O146&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS :

• The global Kids Smartwatch market size is projected to reach USD 2643.1 million by 2027, from USD 957 million in 2020, at a CAGR of 15.5% during 2021-2027.
• In 2020, the global Children Smartwatch market size was USD 573.9 million and it is expected to reach USD 1325.9 million by the end of 2027, with a CAGR of 12.7% during 2021-2027.
• In 2020, the global Outdoor Watch market size was USD 47410 million and it is expected to reach USD 117160 million by the end of 2027, with a CAGR of 14.4% during 2021-2027.
• In 2020, the global Watch Battery market size was USD 3886.4 million and it is expected to reach USD 3765.3 million by the end of 2027, with a CAGR of -0.5% during 2021-2027.
• In 2020, the global Button Cell market size was USD 3622 million and it is expected to reach USD 2912.3 million by the end of 2027, with a CAGR of -3.1% during 2021-2027.
• In 2020, the global Button Cell Batteries market size was USD 3622 million and it is expected to reach USD 2912.6 million by the end of 2027, with a CAGR of -3.1% during 2021-2027.
• Global and China GPS Smartwatch Market Insights, Forecast to 2027
• Global Smartwatch Metal Material Processing Market Size, Status and Forecast 2021-2027
• Global Smartwatch Ceramic Material Processing Market Size, Status and Forecast 2021-2027
• Global Voice over Long-term Evolution (VoLTE) Smartwatch Sales Market Report 2021
• Global Smartwatch Battery Sales Market Report 2021
• Global Smartwatch Sensor Sales Market Report 2021
• Global Smartwatch Antenna Sales Market Report 2021
• Global Smartwatch Strap Materials Sales Market Report 2021
• Global Smartwatch Display Sales Market Report 2021
• Global Smartwatch Chips Sales Market Report 2021

Click Here To See Related Reports on Smartwatch Market

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg